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View Full Version : Pretty good piece on whats coming...


gates
September 19, 2010, 02:10
IMO of course. Its from a bug site but he ties things together fairly well:

http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=15436:new-supply-floods-us-housing-market&catid=47:us-commentary&Itemid=132

TheJokker
September 19, 2010, 08:00
if you are not thinking outside the box you are not thinking...

http://www.epa.gov/lead/

the epa is working to make it so expensive to renovate a pre-1978 house that it will be cheaper in many cases to demolise it. demolish enough houses and you diminish the problem.

CG&L
September 19, 2010, 08:28
It’s a gold bug site. Of course it will promote the preserving of wealth through PMs. Gold buggers think PMs will retain value during all economic downturns, this is where they are wrong. If things get real choppy, necessities such as food and fuel will increase in price faster than wages. PMs, real estate, stocks, etc… will decrease in value as need for them decreases. Anything not necessary for daily survival will not be important and, consequently, have no or limited value.


The US will reach equilibrium sooner or later, debt will be defaulted but we will come out of this mess for the better. The incompetence of the current administration will determine how deep and long the depression will last. The US can and probably will come out on top but we have a lot of necessary and un-necessary pain to go through before we get there

The direction of the Obullshit admin will create tons of un-necessary pain

MtnWulf
September 19, 2010, 08:28
Spent all day Friday at the Charlotte Homebuilders Show to become a "Certified Renovator" per these stupid EPA guidelines.

Cost $250 for the class, 5 hours of driving, a loss day at REAL work and I still have to pay Bev Perdue, the "governess" of NC another $300 for my company to register.

EPA is going to start fining people who aren't "certified" Oct. 1st.

The fine? $37,500. per incident. Alot of painters, electricians, plumbers etc are going to be in for a surprise.

This is going to make working on pre 1978 houses very expensive and may drive their prices down because renovations are going to be very expensive.

As for demolition of pre 1978 houses, the EPA's big bugaboo is lead dust. Not much more dusty than a demolition job.

The EPA is NOT DONE writing these regs, so more surprises are sure to come.

An example is that right now, I can "clear" a worksite for lead dust when the disturbance is done, but the EPA is considering mandating that it be done by lab tests (!) at a cost of THOUSANDS of dollars.

Our Congressman was at our gun club meeting a couple of weeks ago and told us the EPA MUST be reined in. They are writing regs for everything under the mandate of Obama and the environmental wackos as they can't get the legislation thru Congress.

Wait'll they get to CO2 and see what happens......

And by the way, from talking to show attendies the homebuilders show this year was about one third of the size it was a couple of years ago.

Housing is a mess.

davedude
September 19, 2010, 08:29
Shit gates-dude, have a look at this if you want to really screw up your Sunday morning:

http://www.leap2020.eu/GEAB-N-47-is-available-The-Global-systemic-crisis-Spring-2011-Welcome-to-the-United-States-of-Austerity-Towards-a-very_a5168.html

Dave Dude

gates
September 19, 2010, 10:51
Yeah I read that over on" Evil Speculator" yesterday - kinda grim. The problem with the Bug sites is they dont really consider what the govt is likely to do if you go all in on physical PMs and the $ implodes- they wont confiscate - they will likely put a 95% windfall tax on it when you sell it. I dont agree with the entire article but his chronology of likely events makes sense.

Eric Bryant
September 19, 2010, 11:02
Originally posted by TheJokker
the epa is working to make it so expensive to renovate a pre-1978 house that it will be cheaper in many cases to demolise it. demolish enough houses and you diminish the problem.

This doesn't exactly fix the issue of loans that are collateralize using those older houses - in fact, it makes the problems many times worse. The median age of a home in the US is 32 years (as of 2007), so your "thinking" (I use that term very loosely in your case) would wipe out the value of about half the houses in the US.

So, then what happens to the occupants of those homes - they lose all their equity, and then go buy a shiny new home? I don't think that's the way things will work.

If you're a bank (or a nuthugger of the banks, in your case), this is about the last thing you want to see happen.

When housing prices finally settle down to the point where they are affordable on our ever-diminishing incomes, then we'll start to clear out the inventory. In the mean time, a lot more homeowners will see their equity wiped out, and a lot more banks will go under as their lending mistakes catch up with them. This process is inevitable, and we will all be better-off if we get it behind us as quickly as possible.

Then, we'll see if Americans are capable of forming and investing capital in a worthwhile manner. A growing economy requires us to wisely allocate capital investment. Buying a bigger house (or securitizing home mortgages) doesn't make the US economy stronger in a sustainable manner. Smart investment in people and businesses that make America stronger and smarter will be the only way to generate actual wealth. I don't know that Americans have it in them to do something that doesn't result in immediate gratification, however.

gates
September 19, 2010, 17:51
Jokker - this smacks of Roosevelts crop burning and livestock elimination in the 30's to support commod prices- didn't work then - won't work now.

carguym14
September 19, 2010, 19:43
Man,the more of this I read,the more I think a war is about the only answer.

A large reduction in population and a restart.Hope I'm wrong,but I don't really see any other way out of this mess.

gates
September 19, 2010, 20:02
Car - it was the ONLY answer last time... but ya know - things are DIFFERENT this time...

cpd109
September 20, 2010, 06:19
Originally posted by gates
Jokker - this smacks of Roosevelts crop burning and livestock elimination in the 30's to support commod prices- didn't work then - won't work now.

True, but it was done nonetheless. Possibly not to the extent FDR wanted once it was deemed not to work, but that is beyond my knowledge.

Now, where did that line in the sand go to? It's around here somewhere I know....

TheJokker
September 20, 2010, 06:54
Originally posted by Eric Bryant


This doesn't exactly fix the issue of loans that are collateralize using those older houses - in fact, it makes the problems many times worse. The median age of a home in the US is 32 years (as of 2007), so your "thinking" (I use that term very loosely in your case) would wipe out the value of about half the houses in the US.

So, then what happens to the occupants of those homes - they lose all their equity, and then go buy a shiny new home? I don't think that's the way things will work.

If you're a bank (or a nuthugger of the banks, in your case), this is about the last thing you want to see happen.

When housing prices finally settle down to the point where they are affordable on our ever-diminishing incomes, then we'll start to clear out the inventory. In the mean time, a lot more homeowners will see their equity wiped out, and a lot more banks will go under as their lending mistakes catch up with them. This process is inevitable, and we will all be better-off if we get it behind us as quickly as possible.

Then, we'll see if Americans are capable of forming and investing capital in a worthwhile manner. A growing economy requires us to wisely allocate capital investment. Buying a bigger house (or securitizing home mortgages) doesn't make the US economy stronger in a sustainable manner. Smart investment in people and businesses that make America stronger and smarter will be the only way to generate actual wealth. I don't know that Americans have it in them to do something that doesn't result in immediate gratification, however.

actually (i forget who) another person on this board advanced this idea. if you are a bank and somebody is going to default on their home and there are too many homes in that area why not demolish it? if the home is pre-1978 and is full of lead paint and is too expensive to renovate why not demolish it? if only 2% of the homes in America are demolished as a result we are 2% closer to being “not over built”. there will not be one big solution that fixes the problem rather there will be many, many small solutions.

we all know you are a rigid unimaginative thinker so my suggestion to think outside the box disqualifies you from participating. human beings are resourceful and resilient. solutions will be found and problems will be fixed. america will not collapse rather she will repair and rebound. "you” can remain on the sideline and grumble…

shlomo
September 20, 2010, 07:13
Originally posted by TheJokker
we all know you are a rigid unimaginative thinker so my suggestion to think outside the box disqualifies you from participating.

I nominate this as the single funniest irony of the year at FalFiles.

Do I hear a second?

carguym14
September 20, 2010, 08:11
Originally posted by shlomo


I nominate this as the single funniest irony of the year at FalFiles.

Do I hear a second?


Second!!!

carguym14
September 20, 2010, 08:12
Originally posted by TheJokker
if you are not thinking outside the box you are not thinking...

http://www.epa.gov/lead/

the epa is working to make it so expensive to renovate a pre-1978 house that it will be cheaper in many cases to demolise it. demolish enough houses and you diminish the problem.



Kinda "cash for clunkers" for houses?

Fantastic!

shlomo
September 20, 2010, 08:17
Yeah. The glazier's kids need new shoes, so let's go bust a few windows.

Pistolwiz
September 20, 2010, 09:02
Originally posted by shlomo


I nominate this as the single funniest irony of the year at FalFiles.

Do I hear a second?

I'll third that......... Unless just outside the box there's an 8th grade history report.......

The "box" that Jokker and most folks are still in is the box that has "Government is incompetent". Or "The other side (liberals in this case) are responsible for all our ills" labeled on it very clearly.

Outside of Jokkers box is a great big world with greedy and malicious predatory people that have enough money to think that they are the elite. This world is here for them. And any that don't have the ability to fight them off are to be used as they see fit. They use false opponents to keep the masses from seeing what's really going on. They own the MSM. They own the US military industrial complex. They own the fed reserve and our government.

They predate on each other. But their main prey is the rest of the world......

They have taken Karl Marx's theory of how to take over a country. And have applied it in a rather clever way to take the world. And they will. For a short time anyway. In fact...they're mostly there already.

What is outside that box is very scary and most folks don't want to see it. Easier to deny its existence and try to live as best as one can under the circumstances kinda thing I think.

It's on purpose and and there are too many pied pipers to count. All looking to get their own little piece of the new world......

This never gets posted here unless I do it...Pretty sure anyway. So here's a reminder of what Marx had to say. It's called the Communist Manifesto.

Read and weep for your country.......For this is where we are at.

1. Abolition of private property and the application of all rent to public purpose.
The 14th Amendment of the U.S. Constitution (1868), and various zoning, school & property taxes. Also the Bureau of Land Management

2. A heavy progressive or graduated income tax.

Misapplication of the 16th Amendment of the U.S. Constitution, 1913, The Social Security Act of 1936.; Joint House Resolution 192 of 1933; and various State "income" taxes. We call it "paying your fair share".

3. Abolition of all rights of inheritance

We call it Federal & State estate Tax (1916); or reformed Probate Laws, and limited inheritance via arbitrary inheritance tax statutes.

4. Confiscation of the property of all emigrants and rebels

We call in government seizures, tax liens, Public "law" 99-570 (1986); Executive order 11490, sections 1205, 2002 which gives private land to the Department of Urban Development; the imprisonment of "terrorists" and those who speak out or write against the "government" (1997 Crime/Terrorist Bill); or the IRS confiscation of property without due process.

5. Centralization of credit in the hands of the State, by means of a national bank with state capital and an exclusive monopoly.

We call it the Federal Reserve which is a credit/debt system nationally organized by the Federal Reserve act of 1913. All local banks are members of the Fed system, and are regulated by the Federal Deposit Insurance Corporation (FDIC). This private bank has an exclusive monopoly in money creation which in reality has ended the need for revenue from taxes. So why do they tax? To FOOL YOU into thinking they need them.

6. Centralization of the means of communication and transportation in the hands of the State


We call it the Federal Communications Commission (FCC) and Department of Transportation (DOT) mandated through the ICC act of 1887, the Commissions Act of 1934, The Interstate Commerce Commission established in 1938, The Federal Aviation Administration, Federal Communications Commission, and Executive orders 11490, 10999, as well as State mandated driver's licenses and Department of Transportation regulations. There is also the postal monopoly, AMTRACK and CONRAIL

7. Extension of factories and instruments of production owned by the State, the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.

We call it corporate capacity, The Desert Entry Act and The Department of Agriculture. As well as the Department of Commerce and Labor, Department of Interior, the Environmental Protection Agency, Bureau of Land Management, Bureau of Reclamation, Bureau of Mines, National Park Service, and the IRS control of business through corporate regulations.

8. Equal liability of all to labor. Establishment of Industrial armies, especially for agriculture.

We call it the Social Security Administration and The Department of Labor. The National debt and inflation caused by the communal bank has caused the need for a two "income" family. Woman in the workplace since the 1920's, the 19th amendment of the U.S. Constitution, the Civil Rights Act of 1964, assorted Socialist Unions, affirmative action, the Federal Public Works Program and of course Executive order 11000. And I almost forgot...The Equal Rights Amendment means that women should do all work that men do including the military and since passage it would make women subject to the draft.

9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country by a more equable distribution of the population over the country.

We call it the Planning Reorganization act of 1949 , zoning (Title 17 1910-1990) and Super Corporate Farms, as well as Executive orders 11647, 11731 (ten regions) and Public "law" 89-136.

10. Free education for all children in government schools. Abolition of children's factory labor in its present form. Combination of education with industrial production, etc. etc.

People are being taxed to support what we call 'public' schools, which train the young to work for the communal debt system. We also call it the Department of Education, the NEA and Outcome Based "Education" .


I won't argue with any of you. The facts are out there and it is clear what is going on. If you won't respond to that bear running you down no matter how loudly I yell to tell you its coming after you.....Not my problem. I have done what I could.

shlomo
September 20, 2010, 09:38
What the hell's wrong with you, Pistolwiz? Yo' mama drop ya on yo haid?

Repeat after me:

Deny power to liberals.

Obama=Carter+Nixon.

It's just that simple, simple.

Ain't it? :? :confused:




















:rofl:

Pistolwiz
September 20, 2010, 10:01
Originally posted by shlomo
What the hell's wrong with you, Pistolwiz? Yo' mama drop ya on yo haid?

Repeat after me:

Deny power to liberals.

Obama=Carter+Nixon.

It's just that simple, simple.

Ain't it? :? :confused:

:rofl:

Your a smart ass........ That's what I like about ya shlo! ;)

Yeah....... My head still hurts in the same place after 50 years! :eek:

GuitarBob
September 20, 2010, 11:06
Originally posted by carguym14
Man,the more of this I read,the more I think a war is about the only answer.

A large reduction in population and a restart.Hope I'm wrong,but I don't really see any other way out of this mess.

I think people that advocate a population reduction should first start with themselves.

And if you think war is the only answer then how come we've been fighting two wars for 9 years, and there hasn't been any improvment?

cpd109
September 20, 2010, 11:20
Originally posted by GuitarBob


I think people that advocate a population reduction should first start with themselves.


I'll second that!

gates
September 20, 2010, 12:48
he's not talking about a regional thing - WORLD war is what is being hinted at.

juanni
September 20, 2010, 13:57
Originally posted by TheJokker

if the home is pre-1978 and is full of lead paint and is too expensive to renovate why not demolish it?

The number homes in this catagory is very small.

Full of lead paint? :rolleyes:
Since the advent of latex paint, oil based lead paint use has plummeted, with or without govt intervention.

Another low risk problem blown all out of proportion by the govt.
Think H1N1.



................juanni

juanni
September 20, 2010, 13:59
Originally posted by shlomo


I nominate this as the single funniest irony of the year at FalFiles.

Do I hear a second?

Too late for 4th? :p

Our Jokker, gotta wonder why he even bother to post anymore. ;)



................juanni

carguym14
September 20, 2010, 16:26
Originally posted by GuitarBob


I think people that advocate a population reduction should first start with themselves.

And if you think war is the only answer then how come we've been fighting two wars for 9 years, and there hasn't been any improvment?


Lighten up Francis,I'm not advocating a population reduction or global war.

It just seems like our present situation doesn't leave a whole lot of choices.Those drawing off the system are close to outnumbering those of us paying in.We have dug (and keep digging) ourselves a nice deep hole of debt that is just about impossible to get out of.

Even a "victory" by the republicans in Nov will change what?We are gonna need a major shift in policy in this country and I don't see that happening.

What's your idea on how we get out of this mess?

wileycsg
September 20, 2010, 17:26
I wonder which of his mantras the fool will reply with?

shlomo
September 20, 2010, 17:35
My money's on ad hominem. The main mantras have been pre-empted. :biggrin:

RG Coburn
September 20, 2010, 18:07
Who says the EPA even has to know when one renovates his house? Poor on one side,rich on the other...

leek
September 20, 2010, 18:09
Originally posted by TheJokker


actually (i forget who) another person on this board advanced this idea. if you are a bank and somebody is going to default on their home and there are too many homes in that area why not demolish it? if the home is pre-1978 and is full of lead paint and is too expensive to renovate why not demolish it? if only 2% of the homes in America are demolished as a result we are 2% closer to being “not over built”. there will not be one big solution that fixes the problem rather there will be many, many small solutions.

we all know you are a rigid unimaginative thinker so my suggestion to think outside the box disqualifies you from participating. human beings are resourceful and resilient. solutions will be found and problems will be fixed. america will not collapse rather she will repair and rebound. "you” can remain on the sideline and grumble…

It was me I believe who suggested bulldozing properties held by a bank. If a financial institution holds say some 200 homes in a city , why not level half of them and raise the price of the remaining homes. While the bank holds these forclosed homes, the cost of taxes, winterizing, and maintenance ------grounds keeping ,keeps on adding up. Select which homes are most valuable and level the rest. Taxes will be lowered because now all the bank owns is vacant land. Any upkeep will be eliminated. Don't want to mow the grass/ weeds, give the land back to the city---donate it.! There has been examples of this where brand new unoccupied homes sit vacant------------they leveled the whole subdivision. Ireland overbuilt and have thousands of unoccupied homes---they are thinking of leveling them too. Detroit is talking and planning on downsizing , getting rid of neighborhoods that only have a few occupied houses. They'll buy the homes that are left and have the people relocate to a more populated area and then turn the old area into fields. The people end up with a newer , better quality / shape home and they city lowers their infrastructure costs.

Eric Bryant
September 20, 2010, 18:21
Originally posted by TheJokker
we all know you are a rigid unimaginative thinker so my suggestion to think outside the box disqualifies you from participating.

So, your idea pretty much defines the Parable of the Broken Window (http://en.wikipedia.org/wiki/Parable_of_the_broken_window), and also happens to represent the tyranny of big government over the property rights of individuals. Well, in that context, you are damn right I am rigid thinker - especially when it comes to elementary economic theory, my basic god-given property rights, and common sense.

Do you really think that we can increase our wealth by simply destroying items of value? How about we start by bulldozing your home? Now, remember, you're a small-government conservative, so it's not like you'd like the federal government give you (or your lien holder) a check for the previous value of the property. Are you going to run out and buy a new house with the wealth you no longer possess?

This is one of the dumbest ideas I have ever heard, and on a truly scary scale. But, hey, given the economic acumen of the present regime, you just might have a chance at "success".

juanni
September 20, 2010, 19:10
Originally posted by wileycsg
I wonder which of his mantras the fool will reply with?

Oh, Oh,,,,,, I know....

The one with the equal (=) sign. :wink:




..................juanni

gates
September 20, 2010, 20:33
Heh... you guys need to lighten up -Jokker is a believer - thats ok, at least he brings an optimistic perspective, no matter how misguided or ill informed.

shlomo
September 20, 2010, 20:54
Originally posted by gates
Heh... at least he brings an optimistic perspective, no matter how misguided or ill informed.

You oughta be a public school teacher.

Just sayin.

Eric Bryant
September 20, 2010, 21:00
Originally posted by gates
Heh... you guys need to lighten up -Jokker is a believer - thats ok, at least he brings an optimistic perspective, no matter how misguided or ill informed.

Optimism is a wonderful attribute. Misguided enthusiasm in pursuit of fundamentally flawed ideas is malignant, and needs to be stepped upon lest it build any momentum.

Originally posted by juanni
Oh, Oh,,,,,, I know....

The one with the equal (=) sign.

Oh, damn - that's funny :rofl:

gates
September 20, 2010, 21:35
:-) keep an open mind gents:

http://harlan.bestestzone.com/2010/09/20/mental-recession/

Jokker is not the only one thinking this way...

EDIT: that link is Fuked up but I read the source earlier today - essentially it says "self fullfilling" you believe its bad its bad - I call BS - you have no job and no prospects its as bad as it gets - you KNOW someone in this situation - ditto.

shlomo
September 20, 2010, 21:50
What's the magic number of believers that makes an incorrect supposition right?

carguym14
September 20, 2010, 21:53
Originally posted by gates
:-) keep an open mind gents:

http://harlan.bestestzone.com/2010/09/20/mental-recession/

Jokker is not the only one thinking this way...

EDIT: that link is Fuked up but I read the source earlier today - essentially it says "self fullfilling" you believe its bad its bad - I call BS - you have no job and no prospects its as bad as it gets - you KNOW someone in this situation - ditto.


The link is fuked up is an understatement!!!

Fox news ticker on the tv tonight said the recession officially ended June 09. :?

carguym14
September 20, 2010, 22:22
Originally posted by shlomo
What's the magic number of believers that makes an incorrect supposition right?


What was the number that got obama elected?

shlomo
September 20, 2010, 22:25
Originally posted by carguym14



What was the number that got obama elected?

Well, hell. If gettin' elected makes him right, we oughta sit down and shut up.

Right?

gates
September 20, 2010, 22:28
"What's the magic number of believers that makes an incorrect supposition right?"


Null +1 bro! we're almost there...

TheJokker
September 21, 2010, 06:57
Originally posted by juanni


The number homes in this catagory is very small.

Full of lead paint? :rolleyes:
Since the advent of latex paint, oil based lead paint use has plummeted, with or without govt intervention.

Another low risk problem blown all out of proportion by the govt.
Think H1N1.



................juanni

wrong...

how about 40%?

http://healthyhomescollaborative.org/InTheNews/EPACrackDownonLeadDust/tabid/152/Default.aspx

About 38 million homes, 40% of the nation's housing contain lead-based paint, and most of them are in middle-class and even affluent neighborhoods.

TheJokker
September 21, 2010, 07:01
Originally posted by gates
Heh... you guys need to lighten up -Jokker is a believer - thats ok, at least he brings an optimistic perspective, no matter how misguided or ill informed.

as you are a believer in doom. it is nearing 2 years that you have been predicting an imminent collapse yet things keep ticking along. don't get me wrong gates i think you are a rather smart guy unlike a few others here but you are biased and your bias is tainting your analysis.

TheJokker
September 21, 2010, 07:04
Originally posted by Pistolwiz



Outside of Jokkers box is a great big world with greedy and malicious predatory people that have enough money to think that they are the elite. This world is here for them. And any that don't have the ability to fight them off are to be used as they see fit. They use false opponents to keep the masses from seeing what's really going on. They own the MSM. They own the US military industrial complex. They own the fed reserve and our government.

hate to bust your bubble homer but the history of main is the story of the greedy and malicious predatory people with power. it seems we are in agreement regarding socialists and communists though...

TheJokker
September 21, 2010, 07:05
Originally posted by wileycsg
I wonder which of his mantras the fool will reply with?

wileycsg = massachusetts liberal

TheJokker
September 21, 2010, 07:10
Originally posted by Eric Bryant


So, your idea pretty much defines the Parable of the Broken Window (http://en.wikipedia.org/wiki/Parable_of_the_broken_window), and also happens to represent the tyranny of big government over the property rights of individuals. Well, in that context, you are damn right I am rigid thinker - especially when it comes to elementary economic theory, my basic god-given property rights, and common sense.

Do you really think that we can increase our wealth by simply destroying items of value? How about we start by bulldozing your home? Now, remember, you're a small-government conservative, so it's not like you'd like the federal government give you (or your lien holder) a check for the previous value of the property. Are you going to run out and buy a new house with the wealth you no longer possess?

This is one of the dumbest ideas I have ever heard, and on a truly scary scale. But, hey, given the economic acumen of the present regime, you just might have a chance at "success".

where is your wisdom? what great insight have you given us? this is a gathering of the "dull normals" with nothing to say...

i've been waiting for two years for the great collapse and it just doesn't seem to be happening. you'all have been wrong while i have been right...

wileycsg
September 21, 2010, 07:15
Originally posted by TheJokker


wileycsg = massachusetts liberal

And the winner is juanni for his prediction of the much abused equal sign.:rofl: :rofl: :rofl:

shlomo
September 21, 2010, 07:23
Originally posted by wileycsg


And the winner is juanni for his prediction of the much abused equal sign.:rofl: :rofl: :rofl:

Not so fast. I predicted ad hominem.

"this is a gathering of the "dull normals" with nothing to say..."

juanni
September 21, 2010, 12:01
Originally posted by TheJokker

About 38 million homes, 40% of the nation's housing contain lead-based paint, and most of them are in middle-class and even affluent neighborhoods.


"contain lead-based paint" does not equal "Full of lead paint. :wink:

Repeat, small amounts of lead are not a health hazard.
Do you handle ammo, fishing weights etc.... with a full HazMat suit and respirator? :p



...............juanni

GuitarBob
September 21, 2010, 13:04
Originally posted by TheJokker


where is your wisdom? what great insight have you given us? this is a gathering of the "dull normals" with nothing to say...

i've been waiting for two years for the great collapse and it just doesn't seem to be happening. you'all have been wrong while i have been right...


Come on Jokker people have been predicting the end of the world since pretty much the beginning of the world. One of these days they'll be right. I mean a stopped clock is right twice a day.

At the beginning of the 20th century they predicted that there was no way the Earth could sustain a population of a billion people. Yet we now have 6 billion people, and we're living longer and healthier then ever.

I've heard environmentalists in the 70s predict that the world would run out of oil by the year 2000, and that never happened.

They also predicted global cooling and a new ice age in the 70s. That also never happened.

In the 80s everyone was frightened about the unstoppable Japanese economy. They were going to buy up everything and soon we would all be speaking Japanese. Now the Japanese economy is stagnant. Once again the doomsday prophets were wrong.

It seems like every decade there is a new doomsday scenario that gets everyone worked up, but the world keeps turning.

carguym14
September 21, 2010, 13:55
Originally posted by GuitarBob



Come on Jokker people have been predicting the end of the world since pretty much the beginning of the world. One of these days they'll be right. I mean a stopped clock is right twice a day.

At the beginning of the 20th century they predicted that there was no way the Earth could sustain a population of a billion people. Yet we now have 6 billion people, and we're living longer and healthier then ever.

I've heard environmentalists in the 70s predict that the world would run out of oil by the year 2000, and that never happened.

They also predicted global cooling and a new ice age in the 70s. That also never happened.

In the 80s everyone was frightened about the unstoppable Japanese economy. They were going to buy up everything and soon we would all be speaking Japanese. Now the Japanese economy is stagnant. Once again the doomsday prophets were wrong.

It seems like every decade there is a new doomsday scenario that gets everyone worked up, but the world keeps turning.



Who's talking end of the world?I thought we were talking economic collapse in the good ol USA.

A lot of manufacturing gone,40+million on foodstamps,how many more on some kind of gov assisstance?,trillions in debt and other unfunded obligations,more and more taxes and regulations,less of us producers,lots of unemployment and jobs that will never return,............other than that,things are fine.

carguym14
September 21, 2010, 14:13
Originally posted by TheJokker


where is your wisdom? what great insight have you given us? this is a gathering of the "dull normals" with nothing to say...

i've been waiting for two years for the great collapse and it just doesn't seem to be happening. you'all have been wrong while i have been right...


And there is wisdom in bulldozing homes?

How about destroying every car 15 yrs old (or older)??Wouldn't that have the same effect on the automotive industry?
People would have to buy more cars and that would stimulate the economy,right?

juanni
September 21, 2010, 14:33
Originally posted by carguym14




Who's talking end of the world?I thought we were talking economic collapse in the good ol USA.

A lot of manufacturing gone,40+million on foodstamps,how many more on some kind of gov assisstance?,trillions in debt and other unfunded obligations,more and more taxes and regulations,less of us producers,lots of unemployment and jobs that will never return,............other than that,things are fine.

Yes but that isn't the End of the World,,,,,, just the End of the American way of life. :uhoh:



So sing us a happy song on that guitar GuitarBob! :wink:



..............juanni

carguym14
September 21, 2010, 15:58
Originally posted by juanni


Yes but that isn't the End of the World,,,,,, just the End of the American way of life. :uhoh:



So sing us a happy song on that guitar GuitarBob! :wink:



..............juanni



Kumbaya??

:wink:

GuitarBob
September 21, 2010, 18:04
Originally posted by juanni


Yes but that isn't the End of the World,,,,,, just the End of the American way of life. :uhoh:



So sing us a happy song on that guitar GuitarBob! :wink:



..............juanni


Oh I will and you keep stockpiling ammo and ramen noodles. Oh wait you probably have tons leftover after the big Y2K scare. Maybe this time your big Y2K fortified bunker will get some use afterall.

And if the world doesn't end now then you still have 2012 and the Mayan calendar to prepare for.

gates
September 21, 2010, 19:10
You can NEVER have enough Ramen - that shit lasts FOREVER - win win!

Eric Bryant
September 21, 2010, 20:21
Originally posted by shlomo
Not so fast. I predicted ad hominem.

I think that you and juanni both get full credit for this assignment.

Still curious as to how Jokker intends to increase the wealth of our nation by destroying things of value. He posted five responses straight and still didn't explain who he plans on screwing with his proposal - the banks, the owners of the affected homes, or the taxpayers. No matter; he's just proven himself to be a worthless fascist-socialist who is without principle or moral, and added to his substantial set of credentials as an idiot.

shlomo
September 21, 2010, 20:24
Originally posted by Eric Bryant

... he's just proven himself to be a worthless fascist-socialist who is without principle or moral, and added to his substantial set of credentials as an idiot.

That one's gonna leave a mark. Ouch.

gates
September 21, 2010, 20:47
Nope - IMO you guys are missing the mark - Jokker is a "by the book" Republican that has not had his "Red Pill" moment yet - it WILL happen - until then we get to enjoy his posts... don't be a hater:-)

shlomo
September 21, 2010, 20:53
Originally posted by gates
Nope - IMO you guys are missing the mark - Jokker is a "by the book" Republican that has not had his "Red Pill" moment yet...

We get that, but it's long past time when anybody smart should get a clue.

If you're fifteen and still writing letters to Santa every year, don't be surprised if the other guys poke fun at ya.

gates
September 21, 2010, 20:57
Well...

EDIT: there are TENS OF MILLIONS of Jokkers out there - it's why we are, where we are! - give it time:-)

juanni
September 22, 2010, 06:34
Originally posted by GuitarBob



Oh I will and you keep stockpiling ammo and ramen noodles. Oh wait you probably have tons leftover after the big Y2K scare. Maybe this time your big Y2K fortified bunker will get some use afterall.

And if the world doesn't end now then you still have 2012 and the Mayan calendar to prepare for.

For the 2nd time, the world isn't going to end or stop spinning on it's axis, the US standard of living is going to plummet.

According to the WSJ "incomes have actually fallen 4.9% since 2000".


And thanks for the investing advise, but I am already well stocked in 7.62x54 @ $120/1000, gold at $800 and silver at $10.

So, what has been the annual rate of return on guitar picks, strings and Top Ramen? :p


............juanni

TheJokker
September 22, 2010, 06:38
Originally posted by wileycsg


And the winner is juanni for his prediction of the much abused equal sign.:rofl: :rofl: :rofl:

keeping it simple for a brain-dead liberal...

TheJokker
September 22, 2010, 06:41
Originally posted by shlomo


Not so fast. I predicted ad hominem.



one more:

if the shoe fits... wear it...

TheJokker
September 22, 2010, 06:45
Originally posted by juanni


"contain lead-based paint" does not equal "Full of lead paint. :wink:

Repeat, small amounts of lead are not a health hazard.
Do you handle ammo, fishing weights etc.... with a full HazMat suit and respirator? :p



...............juanni

ask MtnWulf about what is required to work on a pre-1978 home containing lead paint...

(protective clothing and respirators)

shlomo
September 22, 2010, 06:47
Originally posted by TheJokker


keeping it simple for a brain-dead liberal...

Is it too late for me to double down?

juanni
September 22, 2010, 06:55
Originally posted by TheJokker


ask MtnWulf about what is required to work on a pre-1978 home containing lead paint...

(protective clothing and respirators)

Required by the govt and required for "reasonable" health and safety are not related. ;)

Repeat, few of those homes are a health hazard, let alone a HazMat toxic waste site requiring demolition.


...............juanni

TheJokker
September 22, 2010, 06:56
Originally posted by gates
Nope - IMO you guys are missing the mark - Jokker is a "by the book" Republican that has not had his "Red Pill" moment yet - it WILL happen - until then we get to enjoy his posts... don't be a hater:-)
wrong...

the republican party is the only party that has the potential of oppose the democrats and their socialist agenda. during the last election i repeated suggested to those who were dissatisfied with the current crop of candidates to become involved in the primary process and support reform candidates. that is what the founding fathers intended and that is "exactly" what the tea party movement is all about.

if you don't like the republicans you will get "obamas". america has awoken to that fact, when will you?

TheJokker
September 22, 2010, 06:58
Originally posted by juanni


Required by the govt and required for "reasonable" health and safety are not related. ;)

Repeat, few of those homes are a health hazard, let alone a HazMat toxic waste site requiring demolition.


...............juanni

it may not "need" to be demolished but it may be cheaper to start-over than to renovate according to epa requirements.

TheJokker
September 22, 2010, 07:05
Originally posted by juanni


For the 2nd time, the world isn't going to end or stop spinning on it's axis, the US standard of living is going to plummet.

According to the WSJ "incomes have actually fallen 4.9% since 2000".


And thanks for the investing advise, but I am already well stocked in 7.62x54 @ $120/1000, gold at $800 and silver at $10.

So, what has been the annual rate of return on guitar picks, strings and Top Ramen? :p


............juanni

plummet relative to what? a giant bubble broke and our standard of living will plummet to a 1960-1980 level (boo hoo hoo). if america continues to enjoy the highest standard of living in the world can we complain?

we have the best feed lower class in the world watching the world go by on their flat screen televisions...

juanni
September 22, 2010, 07:05
Originally posted by shlomo


Is it too late for me to double down?

Sorry shlomo, but I beat ya in the tie breaking 2nd round.

I recieved top priority for Jokker's rebuttal post #62 vs your #63 and was awarded the coveted "liberal" label.

Better luck next time. :p




.................juanni

shlomo
September 22, 2010, 07:11
Originally posted by juanni


Sorry shlomo, but I beat ya in the tie breaking 2nd round.

I recieved top priority for Jokker's rebuttal post #62 vs your #63 and was awarded the coveted "liberal" label.

Better luck next time. :p




.................juanni

Ahh, but I beg to differ. that selfsame post #62 called you a "brain-dead liberal".

That is center-cut ad hominem where I come from.

I request an independent referee to make the call. :biggrin:

juanni
September 22, 2010, 07:22
Originally posted by TheJokker


plummet relative to what? a giant bubble broke and our standard of living will plummet to a 1960-1980 level (boo hoo hoo). if america continues to enjoy the highest standard of living in the world can we complain?


Who says we are going to?
Nations that default on their debt, are riddled with corruption and fraud, no longer produce marketable products and are saddled with an obese, unhealthy, uninvolved and entitled population will NOT have the highest standard of living.
Or the worlds largest defense spending.
So you can start your crying now. :rofl:

Originally posted by TheJokker

we have the best feed lower class in the world watching the world go by on their flat screen televisions...
That also will come to an end. ;)


...............juanni

Varangian
September 22, 2010, 09:20
Originally posted by gates
livestock elimination in the 30's to support commod prices

During that abortion of justice, my grandmother's family went from prosperous cattle farmers to landless migrant workers.

I sincerely hope that FDR is getting a lava enema in Hell.

gates
September 22, 2010, 23:37
Jokker- you miss the MUCH bigger picture - the "Tea Party" does not give a shit about shifting power back to the "Republican establishment" - sure, they will create gridlock - thats NOT what we need! what we need is this:


An HONEST discussion with the American people - we have $10 of national INCOME but are currently spending $14 - WHERE do you want to cut?

THAT is the question NO politician wants to ask! and NO we can't mfg our way out of this one!

TheJokker
September 23, 2010, 09:29
Originally posted by shlomo


Ahh, but I beg to differ. that selfsame post #62 called you a "brain-dead liberal".

That is center-cut ad hominem where I come from.

I request an independent referee to make the call. :biggrin:
shlomo; will you never learn? if you are going to try and make a fool out of someone you must first check your facts or the fool will be you. once again you have contributed nothing of substance to this thread.

last march i took on a new client: a builder with a multi-state operation in the se who over the last year has expanded his training division into a money making operation. he hired me to develop online testing for contractors and he currently conducts classes such as what MtnWulf attended last weekend. 40 persons paying $250.00 over a year equals a million dollars gross just for lead certification.

not only am i certified by the epa as a lead renovator but i am currently sitting in a (h i l t o n) convention suite about to conduct a hand's on training exercise for contractors in a major southern city. i asked my client on the trip here yesterday specifically about the legal issues regarding demolition of pre-1978 homes found to contain lead. "there are none". furthermore he added "the epa is more interested in demolishing old homes than renovating them".

your problem is you and your buddies here are living in a fantasy world and any grown-up who tries to interject reality into the discussion is rejected by you and your numb-nut friends. everything i posted is factually correct and despite your insinuations to the contrary portrays an accurate representation of new developments in the housing market that should be of interest to anyone with half a brain.

you must like getting your nose rubbed in your own shit?

(look before you leap fool...)

carguym14
September 23, 2010, 09:33
Originally posted by TheJokker

shlomo; will you never learn? if you are going to try and make a fool out of someone you must first check your facts or the fool will be you. once again you have contributed nothing of substance to this thread.

last march i took on a new client: a builder with a multi-state operation in the se who over the last year has expanded his training division into a money making operation. he hired me to develop online testing for contractors and he currently conducts classes such as what MtnWulf attended last weekend. 40 persons paying $250.00 over a year equals a million dollars gross just for lead certification.

not only am i certified by the epa as a lead renovator but i am currently sitting in a (h i l t o n) convention suite about to conduct a hand's on training exercise for contractors in a major southern city. i asked my client on the trip here yesterday specifically about the legal issues regarding demolition of pre-1978 homes found to contain lead. "there are none". furthermore he added "the epa is more interested in demolishing old homes than renovating them".

your problem is you and your buddies here are living in a fantasy world and any grown-up who tries to interject reality into the discussion is rejected by you and your numb-nut friends. everything i posted is factually correct and despite your insinuations to the contrary portrays an accurate representation of new developments in the housing market that should be of interest to anyone with half a brain.

you must like getting your nose rubbed in your own shit?

(look before you leap fool...)



So the best way to boost the economy is expand the powers of gov?

How about make some sort of gov licensing scheme for just about everything?

Would that be "thinking out of the box"?

TheJokker
September 23, 2010, 09:35
Originally posted by leek


It was me I believe who suggested bulldozing properties held by a bank. If a financial institution holds say some 200 homes in a city , why not level half of them and raise the price of the remaining homes. While the bank holds these forclosed homes, the cost of taxes, winterizing, and maintenance ------grounds keeping ,keeps on adding up. Select which homes are most valuable and level the rest. Taxes will be lowered because now all the bank owns is vacant land. Any upkeep will be eliminated. Don't want to mow the grass/ weeds, give the land back to the city---donate it.! There has been examples of this where brand new unoccupied homes sit vacant------------they leveled the whole subdivision. Ireland overbuilt and have thousands of unoccupied homes---they are thinking of leveling them too. Detroit is talking and planning on downsizing , getting rid of neighborhoods that only have a few occupied houses. They'll buy the homes that are left and have the people relocate to a more populated area and then turn the old area into fields. The people end up with a newer , better quality / shape home and they city lowers their infrastructure costs.

thank you leek; a brilliant piece of original thinking i was happy to borrow.

TheJokker
September 23, 2010, 09:44
Originally posted by carguym14




So the best way to boost the economy is expand the powers of gov?

How about make some sort of gov licensing scheme for just about everything?

Would that be "thinking out of the box"?
i'm for eliminating the epa entirely and saving 10 billion dollars annually. under current regulations while conducting renovatison you are required to treat materials as hazardous materials but once you remove them from the property you can drop it off at a dump or landfill or you can legally leave it outside of your house for city trash pick-up. is it dangerous or not?

i'm all for getting rid of liberal politicans and their socialist agenda. i am very happy to support the tea parties efforts to remake the gop into an effective party of opposition to the democrats. i simply will not pretend that there is nothing we can do to fix the problem.

TheJokker
September 23, 2010, 09:54
Originally posted by gates
Jokker- you miss the MUCH bigger picture - the "Tea Party" does not give a shit about shifting power back to the "Republican establishment" - sure, they will create gridlock - thats NOT what we need! what we need is this:


An HONEST discussion with the American people - we have $10 of national INCOME but are currently spending $14 - WHERE do you want to cut?

THAT is the question NO politician wants to ask! and NO we can't mfg our way out of this one!

the tea party is not interested in shifting power back to the republican establishment. it is a movement to "erase, destroy and improve" those elements of the party that are committed to the status quo. it represents a potential political foundation for decreasing the size of government and returning america back to her traditional roots using the process designed by the founding fathers. it needs a majority of americans to commit to supporting those principles over several election cycles and to growing that majority.

TheJokker
September 23, 2010, 10:06
Originally posted by juanni


Who says we are going to?
Nations that default on their debt, are riddled with corruption and fraud, no longer produce marketable products and are saddled with an obese, unhealthy, uninvolved and entitled population will NOT have the highest standard of living.
Or the worlds largest defense spending.
So you can start your crying now. :rofl:


That also will come to an end. ;)


...............juanni
did you learn nothing two years ago when the dollar was dropping and gas was over $4.00? i predicted the euro would drop and the price of oil along with it. it happened "exactly" as i predicted. if the dollar continues to deflate so also will domestic prices. if you make less and less how will it effect your standard of living if houses, cars, food, gas, flat screen televisions, computers, etc. also drop? the process may not be a smooth transition and may take a decade or two but if you decreased salary ultimately buys the same amount of goods (minus "bubble effects) your standard of living will remain the same. if in the process america becomes more competitive with asian markets jobs will return particularly considering america's workforce is aging at a much reduced rate relative to the rest of the world.

why presume the worse when a more optimistic model has demonstrated itself to be more predictive than the gloom model advanced on this site and others?

juanni
September 23, 2010, 11:10
Originally posted by TheJokker

did you learn nothing two years ago when the dollar was dropping and gas was over $4.00? i predicted the euro would drop and the price of oil along with it. it happened "exactly" as i predicted. if the dollar continues to deflate so also will domestic prices. if you make less and less how will it effect your standard of living if houses, cars, food, gas, flat screen televisions, computers, etc. also drop? the process may not be a smooth transition and may take a decade or two but if you decreased salary ultimately buys the same amount of goods (minus "bubble effects) your standard of living will remain the same. if in the process america becomes more competitive with asian markets jobs will return particularly considering america's workforce is aging at a much reduced rate relative to the rest of the world.

why presume the worse when a more optimistic model has demonstrated itself to be more predictive than the gloom model advanced on this site and others?

Because most americans have long term liabilities (I don't) such as mortgage payments, student loans etc that DON'T decrease with falling wages.
And taxes and fees at all levels are going UP.

As far as other expenses such as food and energy, since all of those items are in demand in the global market, the more stable productive and growing economies will PAY more driving the prices up for us too.

Haven't you noticed that virually all commodities are rising, yet unemployment and personal/corporate bankruptcies should be decreasing demand and lowering prices.

The Chinese trinketry, electronics etc.... who cares? Americans will severly reduce buying that disposable income consumer crap when they see the choice is to eat or buy an Ipod.

Once again my prediction.
The assets that typical americans have will decline in value, wages will decline, unemployment will rise, essentials such as food and energy will rise, taxes and fees will rise,,,,, (and because I know you love the equal sign) = lower standard of living.

And none of it will get better until we slash fed spending, stop the welfare and the bailouts, start enforcing fraud laws in the financial world, end the export of good jobs, kill the FED etc..... and return to an open free market, without subsities and a level honest playing field and LIMITED govt.
I don't see any of that happening soon.

You really don't understand that our current problems aren't just some little economic downturn, but instead the collapse of a over-burdened, over-entitled, over-regulated and waaaay unfunded system that has been rotted out with corruption and fraud.


.................juanni

GuitarBob
September 23, 2010, 12:11
Originally posted by TheJokker

i'm for eliminating the epa entirely and saving 10 billion dollars annually. under current regulations while conducting renovatison you are required to treat materials as hazardous materials but once you remove them from the property you can drop it off at a dump or landfill or you can legally leave it outside of your house for city trash pick-up. is it dangerous or not?

i'm all for getting rid of liberal politicans and their socialist agenda. i am very happy to support the tea parties efforts to remake the gop into an effective party of opposition to the democrats. i simply will not pretend that there is nothing we can do to fix the problem.


What you don't understand Jokker is that some people just like to complain, and every time there is a minor or major crisis these chicken littles start screaming "the sky is falling".

There is a lot to be optimistic about but these people will never see it. Some people just prefer to go into panic mode then to look at the good and the bad in a particular situation.

We now have the best opportunity to reform the Republican party, and to seriously roll back the tide of Liberalism. The only thing that can hold us back is the fatalist attitude I see exhibited by people like Juanni.

carguym14
September 23, 2010, 12:18
Originally posted by TheJokker


thank you leek; a brilliant piece of original thinking i was happy to borrow.


Explain to me exactly how that works.

The way I see your "solution",you are a bank that has 10 foreclosed houses.5 are now worth 100k after a mortgage loan of 300k,and 5 are at 80k after 150k defaults.

Now you want to level 5-say the cheaper ones,and increase the cost on the 5 you have left?That you are already in the hole on?How could you possibly break even?

Homes are having a hard time selling now,but people will buy when you raise the price?

Are you just figuring on the banks writing everything off at a loss?

Am I understanding you correctly??

gates
September 23, 2010, 17:43
Jokker, this is why-------> http://209.157.64.200/focus/news/2595009/posts?page=2

It's not hyperbole or doom and gloom, it's cold - empirical- FACT.

Edit : we don't have the luxury of TIME to reform the Rs - it's kind of an all or nothing but were going to have to do it in two election cycles instead of 10. You nailed what the T party wants - what I want - if we dont get it I doubt we continue on as we have been - if the ballot box doesnt work - and the people figure that out...

shlomo
September 23, 2010, 18:57
Originally posted by TheJokker

shlomo; will you never learn? if you are going to try and make a fool out of someone you must first check your facts or the fool will be you.
You mean like the one just below? I hope your "client" checks the math on your bill.

40 persons paying $250.00 over a year equals a million dollars gross just for lead certification.
Your math skills are a good match for your spelling, grammar and punctuation.

not only am i certified by the epa as a lead renovator but i am currently sitting in a (h i l t o n) convention suite about to conduct a hand's on training exercise for contractors in a major southern city.
Some here may suspect that there could be a cause and effect relationship here. Better wear a full suit. You have already suffered enough damage.

Not really necessary to work at making a fool of you. You do most of the heavy lifting yourself. But thanks for the non-sequitur reply to my post, anyhow. If nothing else, you are always good for a laugh.

juanni
September 23, 2010, 19:56
Originally posted by shlomo

You mean like the one just below? I hope your "client" checks the math on your bill.

40 persons paying $250.00 over a year equals a million dollars gross just for lead certification.
Your math skills are a good match for your spelling, grammar and punctuation.

not only am i certified by the epa as a lead renovator but i am currently sitting in a (h i l t o n) convention suite about to conduct a hand's on training exercise for contractors in a major southern city.
Some here may suspect that there could be a cause and effect relationship here. Better wear a full suit. You have already suffered enough damage.

Not really necessary to work at making a fool of you. You do most of the heavy lifting yourself. But thanks for the non-sequitur reply to my post, anyhow. If nothing else, you are always good for a laugh.

:rofl: :rofl: :rofl: :rofl: :rofl:


...............juanni

wileycsg
September 23, 2010, 21:02
The problem is "the fools" nature itself. He reads a book on Andrew Jackson and all things relate to Andrew Jackson. Then he sees a movie on John Adams and all things relate to him. His newest fixation is lead certification. Yep, have to pay a few extra thousand for a major renovation? Knock your house down instead! BTW, not in favor of the EPA bs, just pointing out that the extra cost doesn't rate leveling your house instead. When was the last time you heard someone say, "I need a new septic field so I'm going to knock my house down."? A new roof?

If you want to poke a verbal stick at the village idiot then go ahead. It really can be fun sometimes. However, if you're going to try to have an intelligent debate with him forget it. He's the terminator of the Files. He'll just keep posting and posting more nonsense until all you can do is bang your head on the table in frustration at how dense he is.

Eric Bryant
September 24, 2010, 15:14
Jokker, you've yet to explain who you want to bear the burden of all those bulldozed houses - the property owner (many of whom are banks), or the federal government.

Then please explain which of the above two scenarios best fits your political views.

Finally, explain why you think that we have to accept a return to a 1950s standard of living if indeed us Americans are so exceptional, and if indeed every bad economic event can simply be blamed on liberals. Why are you so quick to accept this when you also claim the ability to so readily identify the villains?

Note to the rest of the E&I crew - this is not a serious attempt at dialog, but rather just an opportunity for the Jokker to evade any serious attempt at backing up what he passes off as "deep thinking". Instead, we'll probably get another definitely-not-so-serious attempt at math.

carguym14
September 24, 2010, 16:31
O.K.,maybe bulldozing isn't the best idea,but it gets us talking "out of the box".

How about arson?You know,hire some guys to um,burn down the houses you are stuck with.

The banks pay a "crew" to take care of business-the "crew" gets paid,which helps stimulate the local economy,and insurance pays off the houses.Fire department gets more work and so do investigators.Then the insurance company has to have the remains bulldozed and you can sell the property.

Everybody wins!!



:eek:

0007
September 28, 2010, 20:46
The idea of just destroying homes by the thousands is probably the most ignorant display of the reality of economics I have ever seen.

HERE'S HOW IT WORKS:
A bank has 10 homes that the bank holds mortgages of $100,000 each on - total asset value on the bank's books = $1,000,000. Thanks to the nitwh and his merry band of thugs, these homes are now really only worth $50,000. BUT as long as the bank doesn't foreclose the value remains on the books as $1,000,000.
IF the bank forecloses, those assets now become worth only $500,000 on the banks books. This reduces the asset value of the bank below the book value required by the FDIC for the bank to be considered solvent. Bank fails.

Now instead, let's just destroy a whole bunch of houses with mortgages held by who knows how many banks. Value of these mortgages held by those banks goes to zero. Lots of banks are now so far under that they all fail and drag what left of the country down with them.

Contrary to the most fervent wishes of libs/progs/socialists and the ignorant fools running the country(but I repeat myself), printing money, bribing union thugs, secretly pumping money into the market and waiting for the magic unicorn to fart out electricity ain't going to help the present situation.

There are several blogs out there that will explain just how bad the present situation is; among the best are johngaltfla.com, dailyreckoning.com, and market-ticker.org. Market-ticker is especially graphic in his explainations.

carguym14
September 28, 2010, 20:58
Originally posted by 0007
The idea of just destroying homes by the thousands is probably the most ignorant display of the reality of economics I have ever seen.

HERE'S HOW IT WORKS:
A bank has 10 homes that the bank holds mortgages of $100,000 each on - total asset value on the bank's books = $1,000,000. Thanks to the nitwh and his merry band of thugs, these homes are now really only worth $50,000. BUT as long as the bank doesn't foreclose the value remains on the books as $1,000,000.
IF the bank forecloses, those assets now become worth only $500,000 on the banks books. This reduces the asset value of the bank below the book value required by the FDIC for the bank to be considered solvent. Bank fails.

Now instead, let's just destroy a whole bunch of houses with mortgages held by who knows how many banks. Value of these mortgages held by those banks goes to zero. Lots of banks are now so far under that they all fail and drag what left of the country down with them.

Contrary to the most fervent wishes of libs/progs/socialists and the ignorant fools running the country(but I repeat myself), printing money, bribing union thugs, secretly pumping money into the market and waiting for the magic unicorn to fart out electricity ain't going to help the present situation.

There are several blogs out there that will explain just how bad the present situation is; among the best are johngaltfla.com, dailyreckoning.com, and market-ticker.org. Market-ticker is especially graphic in his explainations.



That's why you send out the arson squad!!!

Insurance pays off the full value!Everybody wins!


All sarcasm aside,the people here that consider that a good idea can be counted on one hand.Doesn't work and will never work.

I see Jokker hasn't been back to defend it either......

shlomo
September 28, 2010, 21:06
Originally posted by carguym14


I see Jokker hasn't been back to defend it either......

Four-plus days of crickets.

I don't blame him though. He's busy makin' some coin on the EPA's AMWAY Ponzi racket, peddlin $299 eight hour courses where the Jokker tells ya not to eat or huff the paint chips, and clean up after yourself when you're done, and other stuff that nobody ever heard of before.

juanni
September 29, 2010, 08:24
Originally posted by shlomo


Four-plus days of crickets.


Perhaps our rabid anti-socialist is in China showing them how it should be done, since they are blowing up new, uncompleted buildings.
:p

http://www.chinahush.com/wp-content/uploads/2010/09/11.jpg
Dig a hole, fill a hole,,,,repeat until wealthy (http://www.zerohedge.com/article/china-proudly-demolishing-buildings-completed-pursuit-great-housing-bubble-perpetual-engine)


..............juanni

gates
September 29, 2010, 09:29
well... they DO have a trillion+ of our dollars to do it with:-)

carguym14
September 29, 2010, 09:54
Originally posted by gates
well... they DO have a trillion+ of our dollars to do it with:-)


Ha!

We can barely pay to fix our roads and bridges,and they build stuff and knock it down.Fantastic.

gates
September 29, 2010, 10:18
Thats what trade imbalances do for ya baby! sell us cheap shit made by slaves and then loan us back the money we bot it with - genius!